Vantage: Strength of the Vietnamese economy with Khanh Vu and Michael Kokalari of VinaCapital

In this interview, Khanh Vu, portfolio manager of VinaCapital Vietnam Opportunity Fund (VOF), and Michael Kokalari, chief economist at VinaCapital, discuss the drivers of the remarkable strength of the Vietnamese economy despite the tariff turmoil. They also provide an update on Vietnam’s progress towards an emerging market status and becoming an investment-grade country. They then comment on VOF’s positioning to benefit from these developments. They provide details of the company’s current holdings and transaction pipeline in the private equity portfolio and comment on valuations across Vietnamese equities and the fund.

VOF is a closed-end investment company that seeks to achieve medium- to long-term capital appreciation through investment in assets in Vietnam. The portfolio includes listed and unlisted equities, including private equity, covering a broad range of sectors, with a focus on Vietnamese companies that benefit from the country’s rising domestic consumption and economic growth.